Advantages of buying auction houses
1, because it is purchased in advance, which is conducive to the choice of apartment type and location. I bought an unfinished house, and the sales work has just begun. General developers can provide more houses, and the well-oriented huxing is also among them, so buyers have a lot of choices.
2. The loan for buying an auction house can reach 70% of the house price at most.
3. The auction price is generally more favorable than the existing house. It usually takes two to three years or even longer for real estate developers to develop a house. In order to recover the funds in time, improve the utilization rate of funds and reduce the pressure on funds, we will make a profit when we sell the faster house. It is precisely because ordinary auction houses are cheaper than existing houses that many "speculators" generally buy auction houses and sell existing houses to profit from them.
Disadvantages of buying an auction house
1. The auction contract specifies when the developer will deliver the house, but some developers often fail to deliver the house after the deadline. Whether it is the original intention of developers to cheat or other objective reasons, it will bring disadvantages to property buyers.
2. The developer's over-hyped ideas or deceptive results have brought serious consequences. When buyers buy a house, they look at the model room, in which the green space, landscape, overall planning, huxing and other aspects feel ideal, but they can wait until all the work is completed. The house they got is very different from the real estate investment introduced by the original developer and the loushu.
3. If the developer closes down before handing over the house, the buyers will be the bigger economic victims, which happened from time to time in many cities in the second half of 1990s.